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. >> congress authorizes spending. they order me to spend. they tell me you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay all of this out for me. and because they have the spending power. and so i am required by law to go ahead and pay these bills. separately, they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. and so what congress can't do is tell me to spend x, and then say but we're not going to give you the authority to go ahead and pay the bills. >> the economist made a laundry list of what would happen if congressional republicans refused to raise the debt limit. failure to raise the debt ceiling would force immediate spending cuts equal for 6% of gdp. not only would that threaten to send the economy back into recession, it would also deprive many of money needed to meet their own obligations, setting off a chain reaction of defaults that could incite investors to dump their holdings, driving up
and inflation all over the place. this year it's with cyclical growth, not defensive growth. not just getting paid to wait but it's cyclical growth right now. >> thank you, guys. >> good to see you. >> terry, welcome back. good to see you. >> the dow going out near the highs of the day, but, again, it's not setting the world on fire but some of the other averages are doing very well and it's just a day when apple is going to close below $500 a share for the first time in almost a year. the dow up 27 points. that's the first hour of the closing bell. here's the second hour now with maria. i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the dow jones industrial average closing higher today for a fifth session in a row. take a look at how we're settling out on the street tonight and the market does close at the highs of the afternoon and the dow is down 61 points earlier today. at the close, up 27 points. about a quarter of a percent higher at 13,534. nas
came back from that and put banned performance enhancing drugs in his body. his great defense was, after what i've been through, do you think i would put that stuff in my body and, of course, everybody said, everybody bought that because it was so plausible. so for lance to have actually doped after cancer was a pretty tough thing to do and i think it indicated a win at all costs attitude that was commendable and it was a seriously wrong thing to do. >> you were one of the very first people to question lance armstrong. it goes all the way back to 1999. what was it that made you suspicious in the first place? >> my first point of kind of suspicion was watching lance's treatment of a young french rider and there will be people out there, if they were all doping, how wrong -- how can you blame lance and single him out? they all weren't doping and one of the guys who did not dope in 1999 was a young french rider, and he offered the pin that you couldn't win this tour de france in '99 without doping and much of the colleagues resented him saying that. the guy who most resented him sayi
our answers. john. >> jim writes, i bet you have no idea what position he plays. >> defensive end. come on. who are you trying to kid? so john, i've got a tweet. up early so i can start my usual commute on time and so i can cuddle with this guy. this is from elaine don. do we have the picture? aww, look at that. so cute. "morning joe" starts right now. ♪ >>> only at the golden globes do the beautiful people of film rub shoulders with the rat-faced people of television. >> ben's first two movies took place in boston, but he moved this one to iran because he wanted to film somewhere that was friendlier to outsiders. "hunger games" was one of the biggest films of the year and also what i call the six weeks it took me to get into this dress. >> ang li's been nominated for best director for "the life of pi" which is what i'm going to call the six weeks after i take this dress off. >> okay, they were awesome. i thought they were perfect. >> hilarious. >> they were hilarious. good morning, everyone. welcome to "morning joe." it's monday, january 14th. with us on set, we have msnbc cont
of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military health care costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion in 2001. >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love, the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won't it save? let's turn to the author of the bill, jan schakowsky of illinois. >> i'm so happy that wendy is doing well. >> thank you. we appreciated your phone calls very much. congresswoman, the math? >> the estimate is it's $104 billion over 10 years. it saves the government money. in terms of the subsidies, in the exchanges, it would be one option that americans could choose. the cost would be 5% to 7% less and it would be an an
. think market's response today reflects that. in defense of our competitors, and there's a bit of a push now about this whole break you banks i think it is dead wrong. >> do you think they will actually do it? >> i pray and hope we don't do it. >> i didn't ask what you pray. do you think congress would take off. >> i don't think. >> that shed headline. you think this is noise. >> they will take up debate. reasonable people will get through and debates of series of these things last few years that will recognize it is an essential element of american competitiveness and there is actually no industrial lodgic for it. >> kind of interesting. richard fisher --. david: he was on yesterday, saying his plan. by the way let me ask about that. fisher was asking specifically, he thinks not breaking up the banks necessarily but denying anything but the commercial banks open windows from the federal reserve. cutting off the pipeline for the financials. >> that would be a free market way to break up the banks. just dawned to me i should have asked this question. sometimes this happens. does he want t
, which really are top cabinet posts, treasury, state, defense, cia director, have all been white men and that has rankled a number of critics, particularly female critics. >> brianna keilar at the white house, thank you. cnn chief political analyst gloria borger is with me here in "the situation room" right now. and, you know, of course we've got some quick reaction from house speaker boehner -- >> yeah, boom. >> absolutely, let's put it up. i'll read it. the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so too are the consequences of allowing our spending problem to go unresolved. so it certainly appears we're set up for another major showdown already. >> we are. i thirn it's going to be a bigger showdown in fact than the fiscal cliff. you know, the president today said, quote, we have to stop lurching from crisis to crisis to crisis. then he went and set the stage for yet another crisis, right. this time of course it' over the debt ceiling. and it'
that's not a knee-jerk and neoconservative is going to be secretary of defense and that he's going to be showing a lot more restraint because he remains a realist even when he's in that job and he's around the table talking to the president, giving him the options that he has. >> i mean, i think people who like hagel personally should be pleased. people who like the idea that he's someone who can cut defense spending and is willing to do that and has the credibility to do that should be pleased. but there was also an element of this that was sort of a symbolic early squirmish over military action in iran. that hagel could only take the job by basically reversing himself on this stuff. and also on some of the things about israel. his statement to schumer showed explicit support for israeli civilian casualties in gaza, for bombing civilians in gaza if they need to. that's pretty intense. >> all right. chuck todd, thank you very much. we'll be watching you on "the daily rundown" right after "morning joe." and ben smith, thank you as well. >>> coca-cola doubles down on its pr push to g
Search Results 0 to 7 of about 8